Tax rate will automatically decrease in January

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The Illinois House adjourned Wednesday afternoon without going into a lame duck session.

Speaker of the House Michael Madigan on Wednesday told House members that there had "been some successes and some not successes over the last two years" before uttering the phrase "sine die' which means: without a fixed day to meet again.

Representative Jack Franks (D-Morengo) told the Northwest Herald that he thinks the move is an olive branch to the incoming governor who has asked that no new business be addressed during the lame-duck section.

Without a lame duck session, the next time the House meets would be on January 14 after Bruce Rauner is sworn in as governor and the 99th Illinois General Assembly is sat.

Rauner's Plan For Veterans

Governor-elect Bruce Rauner showed his support for military veterans on the eve of Veterans Day. He was also joined by Sen. Mark Kirk to announce a partnership of sorts.

(Published Monday, Nov. 10, 2014)

That means the legislature will allow the individual income tax rate to slide from 5 percent to 3.75 percent. The decrease will leave Rauner with a multi-billion dollar hole in his fiscal budget.